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New village, new home, new life at Pembroke Place

SHARED ownership is making the property dream come true for keen first-time buyers at the new village of Kingsway, near Quedgeley, on the outskirts of Gloucester.

They've already snapped up all three two-bed houses at our Pembroke Place development together with one of the three-bed homes.

That leaves just two three-bed houses to sell with prices starting from £35,000* and deposits that could be as little as £1,750.

Bromford Homes Head of Sales (South) Trish Foster warns other local first-time buyers to be quick or risk losing out if they too want to get on the property ladder through HomeBuy shared ownership.

"My advice is simple − don't delay or you could miss out on this truly affordable opportunity to make your home-owning dream come true," Trish tells would-be buyers who can't afford to purchase a property on the open market.

"Affordability is a key issue for so many first-time buyers and, with many lenders requiring fairly large deposits, shared ownership really is a great way for people to get into the home-buying market."

How does it work? "Well you buy between 25% and 75% of the home you want and pay low rent on the remaining share. It really is as easy as that," answers Trish.

"Buyers clearly agree − judging by the really positive response since we launched this development only a few weeks ago. We've got four confirmed reservations from buyers who want to make a new life in this new village − and every reason to believe that we'll have the remainder signed up soon."

She describes the development of two and three-bedroom houses − at the modern village of Kingsway alongside Quedgeley, roughly three miles south of Gloucester city centre −  as "an ideal place for young families to make their home owning dream come true".

The high-quality homes come with all the features that modern homebuyers expect such as fitted kitchen with oven, hob and extractor as well as fitted wardrobes in two bedrooms − and Kingsway has its own primary school and small parade of shops.

"This really is an ideal spot for anyone who doesn't want to live in the heart of the city but wants easy access to a few shops and a local school as well as the road and rail network," says Trish.

"That's certainly true of Pembroke Place. It's a great location that's only a mile from junction 12 of the M5 and a 15-minute drive from the main railway station and all the other attractions you'll find in a bustling cathedral city like Gloucester."

* £35,000 is a minimum 25% share of a three-bed house with a full value of £140,000 and the deposit, based on a 95% mortgage, would be £1,750.
To find out more about Pembroke Place and HomeBuy shared ownership call 0845 60 10 878. You can register your interest and follow us on Twitter @BromfordHomes

28 March 2013